Tag Archives: Deficit bugetar
2017 State Budget: Between Forecasts and Adjustments
It is essential that Romania’s budget for 2017 is a solid, credible one, which is why the budget construction must be realistic, validated by the dynamics of economic evolutions that we witness in reality. We must recognize, however, that the economy and the budget have been affected by many fiscal-budgetary measures in a short period of time,
Budget Execution: Same Old, Same Old
Exactly in these political days it was discovered that the budget execution exploded in December, as if to convince us that “fattening in the last minute” also applies to the consolidated general budget. We insisted on this budget pattern in November 2016, when the Government of Romania launched the OECD Report “Public Governance Scan of Romania”. The end of 2016 budget execution confirmed once again that December is the hot month of public spending, the month when the deficit explodes.
This Fiscal Code annihilates from the beginning its chances of success
It is very important to understand that liberalism does not focus only on tax reduction, but also on the way in which this reduction is made. Tax reduction is needed, but sustainability is very important, through its long-term budgetary and economic implications. I doubt that every initiative to reduce taxes should be labeled as a liberal approach. If I reduce taxes tomorrow, only to
Applying the Fiscal Code could violate exactly the Fiscal Code
Tax reduction is needed, it needs to be done, but not like this, through an “all at once” approach, because nothing in the economy, not even capital accumulation, job creation and prosperity, in general, happens over night. Businessmen want, of course, almost in every situation, lower taxes. The same as politicians want, of course, almost in every situation, more votes.
The Crisis and the State: from European Realities to Institutional Imperatives
Anchored, by definition, in the logic of budget balance, the Victorian fiscal morality became today, in contemporary democracy, worthy to be displayed in the museums of economic history. Nowadays, the Keynesian doctrine – in its original version or in its reloaded post-crisis version – established a true status quo of budgetary deficits and public debts. Overwhelmed by the
